Ycg LLC Purchases 37,980 Shares of Canadian National Railway (NYSE:CNI)

YCG LLC boosted its position in shares of Canadian National Railway (NYSE:CNI - Free Report) TSE: CNR by 14.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 294,826 shares of the transportation company's stock after acquiring an additional 37,980 shares during the period. Canadian National Railway accounts for about 2.7% of YCG LLC's investment portfolio, making the stock its 18th largest position. YCG LLC's holdings in Canadian National Railway were worth $34,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Manning & Napier Advisors LLC bought a new stake in Canadian National Railway during the 2nd quarter worth approximately $134,096,000. Koshinski Asset Management Inc. bought a new stake in Canadian National Railway during the 1st quarter worth approximately $627,000. Sterling Investment Management LLC raised its stake in Canadian National Railway by 17.2% during the 3rd quarter. Sterling Investment Management LLC now owns 36,279 shares of the transportation company's stock worth $4,250,000 after acquiring an additional 5,329 shares during the period. Sumitomo Life Insurance Co. bought a new stake in Canadian National Railway during the 2nd quarter worth approximately $1,321,000. Finally, Fiera Capital Corp raised its stake in Canadian National Railway by 13.3% during the 2nd quarter. Fiera Capital Corp now owns 5,443,461 shares of the transportation company's stock worth $643,503,000 after acquiring an additional 638,817 shares during the period. Institutional investors own 80.74% of the company's stock.

Canadian National Railway Stock Down 2.2 %

Shares of CNI stock traded down $2.54 on Friday, hitting $110.80. The stock had a trading volume of 1,018,526 shares, compared to its average volume of 1,331,493. The company has a quick ratio of 0.49, a current ratio of 0.64 and a debt-to-equity ratio of 0.96. The business has a 50 day moving average price of $114.71 and a 200 day moving average price of $118.15. The company has a market cap of $69.67 billion, a PE ratio of 17.76, a P/E/G ratio of 2.49 and a beta of 0.89. Canadian National Railway has a one year low of $107.54 and a one year high of $134.02.

Canadian National Railway (NYSE:CNI - Get Free Report) TSE: CNR last released its quarterly earnings data on Tuesday, October 22nd. The transportation company reported $1.72 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.02. The firm had revenue of $4.11 billion during the quarter, compared to the consensus estimate of $4.08 billion. Canadian National Railway had a return on equity of 23.62% and a net margin of 31.65%. The firm's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.26 earnings per share. Research analysts anticipate that Canadian National Railway will post 5.52 earnings per share for the current fiscal year.

Canadian National Railway Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a $0.6108 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.44 annualized dividend and a dividend yield of 2.21%. Canadian National Railway's payout ratio is currently 39.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CNI shares. Stephens restated an "equal weight" rating and set a $116.00 target price on shares of Canadian National Railway in a research note on Wednesday, October 23rd. Stifel Nicolaus increased their price objective on shares of Canadian National Railway from $130.00 to $132.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Evercore ISI cut their price objective on shares of Canadian National Railway from $119.00 to $116.00 and set an "in-line" rating for the company in a report on Wednesday, October 23rd. Veritas raised shares of Canadian National Railway from a "hold" rating to a "strong-buy" rating in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Canadian National Railway from $131.00 to $124.00 and set a "sell" rating for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $125.18.

About Canadian National Railway

Canadian National Railway Company, together with its subsidiaries, engages in the rail, intermodal, trucking, and marine transportation and logistics business in Canada and the United States. The company provides rail services, which include equipment, custom brokerage services, transloading and distribution, business development and real estate, and private car storage services; and intermodal services, such as temperature controlled cargo, port partnerships, and logistics parks.